Scot and Vidia, married taxpayers, earn $240,700 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly).

Required:

a-If Scot and Vidia earn an additional $80,700 of taxable income, what is their marginal tax rate on this income?

b-What is their marginal tax rate if, instead, they report an additional $80,700 in deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.)

a. Marginal tax rate		%
b. Marginal tax rate		%